Swing trading with Butterflies

The Russell2000 put fly closed today in profit. Following Russia's invasion of Ukraine yesterday, markets were widely expected to fall. I was only able to move one order out before all other orders filled on opening.

Trade date: 18 February 2022
Security: RUT
Price at opening: 2009
Direction: Put
Expiry date: 22 February 2022
Strikes: 1945 / 1965 / 2005
Structure: 2 / 3 / 1
Opening Spread: 4.77
Close date: 22 February 2022
Trade duration: 4
Closing spread: 6.74
Profit / (Loss): 1.97
Profit / (Loss): 41.2%

I opened more put flies for expiry on Friday.

Trade date: 22 February 2022
Security: RUT
Price at opening: 1997
Direction: Put
Expiry date: 25 February 2022
Strikes: 1920 / 1945 / 1995
Structure: 2 / 3 / 1
Opening Spread: 7.13

Trade date: 22 February 2022
Security: NQ
Price at opening: 13974
Direction: Put
Expiry date: 25 February 2022
Strikes: 13430 / 13610 / 13970
Structure: 2 / 3 / 1
Opening Spread: 57.25
 
Both trades from yesterday closed today in profit.

Trade date: 22 February 2022
Security: RUT
Price at opening: 1997
Direction: Put
Expiry date: 25 February 2022
Strikes: 1920 / 1945 / 1995
Structure: 2 / 3 / 1
Opening Spread: 7.13
Close date: 23 February 2022
Trade duration: 1
Closing spread: 8.90
Profit / (Loss): 1.77
Profit / (Loss): 24.8%

Trade date: 22 February 2022
Security: NQ
Price at opening: 13974
Direction: Put
Expiry date: 25 February 2022
Strikes: 13430 / 13610 / 13970
Structure: 2 / 3 / 1
Opening Spread: 57.25
Close date: 23 February 2022
Trade duration: 1
Closing spread: 70.25
Profit / (Loss): 13.00
Profit / (Loss): 22.7%

Opened a position in S&P500 for expiry on Friday.

Trade date: 23 February 2022
Security: SPX
Price at opening: 4279
Direction: Put
Expiry date: 25 February 2022
Strikes: 4170 / 4205 / 4275
Structure: 2 / 3 / 1
Opening Spread: 9.30
 
Closing orders for the SPX trade filled yesterday, closing in profit same day.

Trade date: 23 February 2022
Security: SPX
Price at opening: 4279
Direction: Put
Expiry date: 25 February 2022
Strikes: 4170 / 4205 / 4275
Structure: 2 / 3 / 1
Opening Spread: 9.30
Close date: 23 February 2022
Trade duration: 0
Closing spread: 11.07
Profit / (Loss): 1.77
Profit / (Loss): 19.0%
 
Opened another put fly on S&P yesterday, before the index rose strongly. This feels like it could be the one to break the pattern of 22 consecutive winning trades.

Trade date: 24 February 2022
Security: SPX
Price at opening: 4279
Direction: Put
Expiry date: 28 February 2022
Strikes: 4170 / 4205 / 4275
Structure: 2 / 3 / 1
Opening Spread: 9.30
 
Trade date: 24 February 2022
Security: SPX
Price at opening: 4169
Direction: Put
Expiry date: 28 February 2022
Strikes: 4020 / 4070 / 4170
Structure: 2 / 3 / 1
Opening Spread: 13.80
Close date: 28 February 2022
Trade duration: 4
Closing spread: -
Profit / (Loss): -13.80
Profit / (Loss): -100.0%

...It did!

nb there was a typo in #175. This one is correct.

The loss was slightly cushioned by the next fly, opened yesterday but also closed.

Trade date: 28 February 2022
Security: SPX
Price at opening: 4358
Direction: Put
Expiry date: 02 March 2022
Strikes: 4235 / 4280 / 4370
Structure: 2 / 3 / 1
Opening Spread: 12.60
Close date: 28 February 2022
Trade duration: 0
Closing spread: 15.83
Profit / (Loss): 3.23
Profit / (Loss): 25.6%
 
Was away for second half of last week and didn't get a chance to put the opening trades on here, but they closed on Friday in profit.

Trade date: 02 March 2022
Security: ES
Price at opening: 4328
Direction: Put
Expiry date: 07 March 2022
Strikes: 4170 / 4225 / 4335
Structure: 2 / 3 / 1
Opening Spread: 14.00
Close date: 04 March 2022
Trade duration: 2
Closing spread: 21.50
Profit / (Loss): 7.50
Profit / (Loss): 53.6%

Trade date: 02 March 2022
Security: RUT
Price at opening: 2044
Direction: Put
Expiry date: 07 March 2022
Strikes: 1965 / 1990 / 2040
Structure: 2 / 3 / 1
Opening Spread: 7.00
Close date: 04 March 2022
Trade duration: 2
Closing spread: 7.92
Profit / (Loss): 0.91
Profit / (Loss): 13.1%
 
There was a typo in the SPX closing spread. It should have been:

Trade date: 02 March 2022
Security: ES
Price at opening: 4328
Direction: Put
Expiry date: 07 March 2022
Strikes: 4170 / 4225 / 4335
Structure: 2 / 3 / 1
Opening Spread: 14.00
Close date: 04 March 2022
Trade duration: 2
Closing spread: 20.00
Profit / (Loss): 6.00
Profit / (Loss): 42.9%

Opened this today.

Trade date: 07 March 2022
Security: ES
Price at opening: 4271
Direction: Put
Expiry date: 09 March 2022
Strikes: 4145 / 4180 / 4250
Structure: 2 / 3 / 1
Opening Spread: 10.00
 
Closed the ES trade in profit.

Trade date: 07 March 2022
Security: ES
Price at opening: 4271
Direction: Put
Expiry date: 09 March 2022
Strikes: 4145 / 4180 / 4250
Structure: 2 / 3 / 1
Opening Spread: 10.00
Close date: 08 March 2022
Trade duration: 1
Closing spread: 11.17
Profit / (Loss): 1.17
Profit / (Loss): 11.7%

Opened a couple of put flies in stocks, both of which rose in price almost immediately, putting the positions into loss.

Trade date: 08 March 2022
Security: GOOGL
Price at opening: 2535
Direction: Put
Expiry date: 11 March 2022
Strikes: 2400 / 2440 / 2520
Structure: 2 / 3 / 1
Opening Spread: 10.25

Trade date: 08 March 2022
Security: TSLA
Price at opening: 833
Direction: Put
Expiry date: 11 March 2022
Strikes: 745 / 765 / 805
Structure: 2 / 3 / 1
Opening Spread: 5.00
 
Added another short on the index for expiry tomorrow.

Trade date: 09 March 2022
Security: SPX
Price at opening: 4245
Direction: Put
Expiry date: 11 March 2022
Strikes: 4120 / 4165 / 4255
Structure: 2 / 3 / 1
Opening Spread: 12.10
 
You must log in or register to reply here.
Back
Top